David Grubbs says he contributed 16 thousand a year for 30 years to his retirement, a fund now that may be cut by 67 percent; Margaret Johnson reports.

David Grubbs says he contributed 16 thousand a year for 30 years to his retirement, a fund now that may be cut by 67 percent; Margaret Johnson reports.

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Updated: 8:55 AM EDT Oct 14, 2015

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WEBVTT GENERAL 12.CAMERON: NEW AT 6:00, SEVERALHUNDRED THOUSAND PENSIONS ARE INJEOPARDY.THOSE AFFECTED JUST GOT WORD ANDHOW MUCH THEY MIGHT LOSE.MARGARET JACKSON HAD --MARGARET JOHNSON HAS REACTION.MARGARET: THE PENSION FUND ISONE OF THE LARGEST IN THECOUNTRY.IT REPRESENTS 400,000 RETIREES,MOST OF THEM TRUCKERS.MADE ME SICK TO MY STOMACH.MARGARET: IN 30 YEARSHE HASCONTRIBUTED $16,000 A YEAR TOHIS PENSION.HE STANDS TO LOSE 57% OF IT.TO ME, IT'S JUST ROBBERY.MARGARET: HE ESTIMATES 40,000OTHER WORKERS IN NORTH CAROLINAAREIN THE SAME BOAT.THERE ARE PEOPLE HERE THATWILL DIE AS A RESULT OF THIS.I KNOW PEOPLE WHO WILL LOSETHEIR HOMES.: MARGARET: THE FUND HAS DRAFTEDA PLAN IN WASHINGTON WAITINGAPPROVAL OR REJECTION FROM THETREASURY DEPARTMENT.I WANT PEOPLE TO SIT DOWN ANDTALK TO ME BECAUSE I CAN TELLYOU THE PEOPLE THEY LISTEN TOHAD SELF INTEREST IN MIND.THEY WERE NOT MY INTERESTS.MARGARET: HE IS CALLING FORRETIREES TO PUT PRESSURE ONCONGRESS TO DO THE RIGHT THING.HE SAYS NEXT TIME YOU COULD BE

Truck driver fighting pension fund cuts

David Grubbs says he contributed 16 thousand a year for 30 years to his retirement, a fund now that may be cut by 67 percent; Margaret Johnson reports.